UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

In re:

Goerg, Diane L. Case No. 16-25697

Debtors(s)

The undersigned trustee hereby makes this Final Report and states as follows:

1. A petition under chapter 7 of the United States Bankruptcy Code was filed on 08/10/2016. The

undersigned trustee was appointed on .

4. The trustee realized gross receipts of

2. The trustee faithfully and properly fulfilled the duties enumerated in 11 U.S.C. §704.

Payments made under an interim disbursement

69,500.00

Funds were disbursed in the following amounts:

Other Payments to Creditors

0.00

 225.34

Administrative Expenses

Bank Service Fees

Non-Estate funds paid to 3 Parties 0.00

0.00

Exemptions paid to the Debtor 0.00

Leaving a balance on hand of 49,036.52 1

rd

§

§

§

§

§

 20,238.14

Other Payments to Debtor 0.00

 TRUSTEE’S FINAL REPORT (TFR)

3. All scheduled and known assets of the estate have been reduced to cash, released to the debtor as

exempt property pursuant to 11 U.S.C. §522, or have been or will be abandoned pursuant to 11 U.S.C. §554.

An individual estate property record and report showing the disposition of all property of the estate is

attached as Exhibit A.

$

$

1

 The balance of funds on hand in the estate may continue to earn interest until disbursed. The interest earned prior to disbursement will

be distributed pro rata to creditors within each priority category. The trustee may receive additional compensation not to exceed the

maximum compensation set forth under 11 U.S.C. §326(a) on account of the disbursement of the additional interest.

UST Form 101-7-TFR (5/1/2011) Page 1

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Pursuant to Fed. R. Bank. P. 5009, I hereby certify, under penalty of perjury, that the foregoing report is

true and correct.

Date : 09/20/2017 By : /s/ Joseph A. Baldi

Trustee

STATEMENT: This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork Reduction

Act exemption 5 C.F.R. §1320.4 (a)(2) applies.

The remaining funds are available for distribution.

6. The deadline for filing non-governmental claims in this case was 02/21/2017 and the deadline for

filing governmental claims was 02/21/2017. All claims of each class which will receive a distribution have

been examined and any objections to the allowance of claims have been resolved. If applicable, a claims

analysis, explaining why payment on any claim is not being made, is attached as Exhibit C.

The trustee has received $0.00 as interim compensation and now requests a sum of $6,725.00, for a total

compensation of $6,725.00. In addition, the trustee received reimbursement for reasonable and necessary

expenses in the amount of $0.00, and now requests reimbursement for expenses of $33.63 for total expenses

of $33.63

5. Attached as Exhibit B is a cash receipts and disbursements record for each estate bank account.

7. The Trustee’s proposed distribution is attached as Exhibit D.

8. Pursuant to 11 U.S.C. §326(a), the maximum compensation allowable to the trustee is $6,725.00.

To the extent that additional interest is earned before case closing, the maximum compensation may

increase.

2

 If the estate is administratively insolvent, the dollar amounts reflected in this paragraph may be higher than the amounts listed in the

Trustee’s Proposed Distribution (Exhibit D).

UST Form 101-7-TFR (5/1/2011) Page 2

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341(a) Meeting Date:

Case Name: Goerg, Diane L.

16-25697 Trustee Name:

For Period Ending: Claims Bar Date:

09/20/2017

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Judge: 

Case No: Deborah L. Thorne

Date Filed (f) or Converted (c):

1 2 3 4 

Sale/Fun

th

Property Formally

Abandoned

OA=554(a)

Est Net Value

(Value Determined by

Trustee, Less Liens,

Exemptions,

and Other Costs)

Petition/Unscheduled

Values

Asset Description

(Scheduled and Unscheduled (u) Property)

1. 9535 S. Kedzie, 2F, Evergreen Park, IL 60805 60,000.00 30,000.00 2. 11937 S. Hamlin, 2C, Alsip, IL 60803 50,000.00 32,000.00 3. LCP Pistol Value from Bass Pro Shop - new 250.00 0.00 4. Regular wearing apparel 500.00 0.00 5. Engagement ring and costume jewelry 1,500.00 0.00 6. Checking - 9909 TCF Joint with spouse 0.00 0.00 7. Savings - 0692 TCF Joint with spouse 1,425.14 0.00 8. Traditional IRA Edward Jones Acct. ending in 672-1-3 21,519.05 0.00 9. Roth IRA Edward Jones Acct. ending in 834-1-3 3,658.08 0.00 10. 2000 Ford Expedition 3,750.00 3,750.00 11. 2014 Toyota Camry 11,000.00 4,600.00 12. Term life 0.00 0.00 13. Regular household furniture - no antiques 500.00 0.00 14. 4 TVs 2 laptop computers 250.00 0.00 15. DK Corporation (u) 0.00 0.00 16. D Empire LLC (u) 0.00 0.00 17. Loan to DK Corporation (u) 68,812.05 0.00 18. 1974 Pontiac Grandville (u) 2,250.00 2,250.00 

UST Form 101-7-TFR (5/1/2011) (Page 3) 

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341(a) Meeting Date:

Case Name: Goerg, Diane L.

16-25697 Trustee Name:

For Period Ending: Claims Bar Date:

09/20/2017

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Judge: 

Case No: Deborah L. Thorne

Date Filed (f) or Converted (c):

1 2 3 4 

Sale/Fun

th

Property Formally

Abandoned

OA=554(a)

Est Net Value

(Value Determined by

Trustee, Less Liens,

Exemptions,

and Other Costs)

Petition/Unscheduled

Values

Asset Description

(Scheduled and Unscheduled (u) Property)

TOTALS (Excluding Unknown Values) 225,414.32 72,600.00

June 2017: Trustee sold 2 parcels of real property and paid customary costs of sale per court orders. Trustee reached settlement with Debtor under which Debtor bought back approved by Court per order of 7/11/17. Trustee will attend to tax matters; review claims and resolve any claims issues and then prepare his Final Report.

Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:

Re Prop. #1 Sold per court order 2/28/17 [dkt 46]Re Prop. #2 Sold per court order 2/17/17 [dkt 42]Re Prop. #10 Sold per order 7/11/17 [dkt 64]Re Prop. #11 Sold per order 7/11/17 [dkt 64]Re Prop. #15 100% ownershipRe Prop. #16 100% ownershipRe Prop. #17 DK Corporation incorporated in 2015. It is, currently,operating at a loss and its liabilities exceed its assetsRe Prop. #18 1/2 Interest in Vehicle; Sold per order 7/11/17 [dkt 64]

11/30/2017 Current Projected Date of Final Report(TFR) :

Trustee’s Signature

11/30/2017

/s/Joseph A. Baldi Date:

Initial Projected Date of Final Report(TFR) :

09/20/2017

Joseph A. Baldi20 N. Clark St. Suite 200Chicago, IL 60602Phone : (312) 726-8150

UST Form 101-7-TFR (5/1/2011) (Page 4) 

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 FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25697

Case Name:

Taxpayer ID No:

For Period Ending:

Goerg, Diane L.**-***57809/20/2017

Trustee Name:

Bank Name:

Account Number/CD#:

Blanket bond (per case limit):

Separate bond (if applicable):

1 2 3 4 5 

Description of Transaction Deposits($) 

Uniform

Trans.

Paid To / Received From Code

Check or

 [Refer#]

Transaction

 Date

02/27/2017 First American Title Company

8707 West 95th StreetHickory Hills, IL 60457

Sale of 11937 S. Hamlin Ave, Unit 2C, Alsip, IL 60803per order 2/17/17 [dkt 42]

20,568.49 

Sale of 11937 S. Hamlin Ave,Unit 2C, Alsip, IL [2] 30,000.00 1110-000Title Charges &Escrow/Settlement Charges (2,378.00) 2500-000Government Recording &Transfer Charges (45.00) 2500-000Village of Alsip - TransferStamp (105.00) 2500-000Association Fees (1,093.62) 2500-000County Taxes (1/1/16 -6/30/16) (1,120.21) 2820-000County Taxes (7/1/16 -2/24/17) (1,394.68) 2820-000Trustee's Real EstateAttorney Fees (750.00) 3210-600Coldwell Banker - Broker'sCommission (2,100.00) 3510-000Administrative Fee - ColdwellBanker (445.00) 3520-000

03/03/2017 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

Page Subtotals 20,568.49 

UST Form 101-7-TFR (5/1/2011) (Page 5) 

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 FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25697

Case Name:

Taxpayer ID No:

For Period Ending:

Goerg, Diane L.**-***57809/20/2017

Trustee Name:

Bank Name:

Account Number/CD#:

Blanket bond (per case limit):

Separate bond (if applicable):

1 2 3 4 5 

Description of Transaction Deposits($) 

Uniform

Trans.

Paid To / Received From Code

Check or

 [Refer#]

Transaction

 Date

03/21/2017 First American Title Company

27775 Diehl RoadWarrenville, IL 60555

Sale of 9535 S. Kedzie Ave, Unit 2F, Evergreen Park,IL 60805 per order 2/28/17 [dkt 46]

20,193.37 

Sale of 9535 S. Kedzie Ave,Unit 2F, Evergreen Park, IL [1] 31,000.00 1110-000Title Charges &Escrow/Settlement Charges (3,285.70) 2500-000Government Recording &Transfer Charges (46.50) 2500-000Association Fees (2,582.20) 2500-000County Taxes (7/1/16 -3/20/17) (1,107.23) 2820-000Trustee's Real EstateAttorney Fees (750.00) 3210-600Transfer Stamp, InspectionFee, and Association FeeReimbursement to Trustee'sReal Estate Attorney

(420.00) 3220-610

Coldwell Banker - Broker'sCommission (2,615.00) 3510-000

04/03/2017 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

Page Subtotals 20,193.37 

UST Form 101-7-TFR (5/1/2011) (Page 6) 

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 FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25697

Case Name:

Taxpayer ID No:

For Period Ending:

Goerg, Diane L.**-***57809/20/2017

Trustee Name:

Bank Name:

Account Number/CD#:

Blanket bond (per case limit):

Separate bond (if applicable):

1 2 3 4 5 

Description of Transaction Deposits($) 

Uniform

Trans.

Paid To / Received From Code

Check or

 [Refer#]

Transaction

 Date

05/03/2017 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

06/05/2017 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

06/28/2017 Diane Goerg

11541 S Highwood DrPalos Park, IL 60464

Equity in 3 Vehicles per order 7/11/17 [dkt 64] 8,500.00 Equity in 2000 FordExpedition [10] 1,827.50 1129-000

[11] Equity in 2014 Toyota Camry 4,479.50 1129-000

1/2 Interest in 1974 PontiacGrandville [18] 2,193.00 1229-000

07/03/2017 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

Page Subtotals 8,500.00 

UST Form 101-7-TFR (5/1/2011) (Page 7) 

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 FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25697

Case Name:

Taxpayer ID No:

For Period Ending:

Goerg, Diane L.**-***57809/20/2017

Trustee Name:

Bank Name:

Account Number/CD#:

Blanket bond (per case limit):

Separate bond (if applicable):

1 2 3 4 5 

Description of Transaction Deposits($) 

Uniform

Trans.

Paid To / Received From Code

Check or

 [Refer#]

Transaction

 Date

Page Subtotals

0.00

49,261.8649,261.86

Less:Bank Transfer/CD's

Less: Payments to Debtors

COLUMN TOTALSSUBTOTALSNet 49,261.86 

TOTAL-ALL ACCOUNTS NET

DEPOSITS

******5583 Checking Account 49,261.86 Net Totals 49,261.86 

69,500.0020,463.4849,036.52

All Accounts Gross Receipts:

All Accounts Gross Disbursements:

All Accounts Net:

UST Form 101-7-TFR (5/1/2011) (Page 8) 

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Goerg, Diane L. CLAIMS REGISTERCase: 16-25697

Previously

Paid

Pro

Pr

Allowed

Amount

Proof of

Claim

UTC /

Class Creditor Claim No. Status

Joseph A. Baldi20 N. Clark StreetSuite 200Chicago, IL 60602

2100-000

ADMIN

Valid To Pay 6,725.00 6,725.00 0.00 

Joseph A. Baldi20 N. Clark StreetSuite 200Chicago, IL 60602

2200-000

ADMIN

Valid To Pay 33.63 33.63 0.00 

Baldi Berg, Ltd20 N. Clark St., Suite 200Chicago, IL 60602

3110-000

ADMIN

Valid To Pay 10,072.50 10,072.50 0.00 

Baldi Berg, Ltd20 N. Clark St., Suite 200Chicago, IL 60602

3120-000

ADMIN

Valid To Pay 504.50 504.50 0.00 

Kutchins, Robbins & Diamond,Ltd.1101 Perimeter Dr., Suite 760Schaumburg, IL 60173

3310-000

ADMIN

Valid To Pay 1,351.50 1,351.50 0.00 

ADMINISTRATIVE TOTAL 18,687.13 18,687.13 0.00 UST Form 101-7-TFR (5/1/2011) Page 9

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Goerg, Diane L. CLAIMS REGISTERCase: 16-25697

Previously

Paid

Pro

Pr

Allowed

Amount

Proof of

Claim

UTC /

Class Creditor Claim No. Status

00001 Discover Bank Discover

Products IncPO Box 3025New Albany, OH 43054

7100-000

UNSEC

Valid To Pay 18,991.16 18,991.16 0.00 

00002 Siampos, LLC c/o Vasili Siampos

10212 S 87th CtPalos Hills, IL 60465

7100-000

UNSEC

Valid To Pay 53,993.86 29,408.16 0.00 

UNSECURED TOTAL 72,985.02 48,399.32 0.00 REPORT TOTALS 91,672.15 67,086.45 0.00 UST Form 101-7-TFR (5/1/2011) Page 10

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Balance on Hand

Claims of secured creditors will be paid as follows:

NONE

 Applications for chapter 7 fees and administrative expenses have been filed as follows:

 Applications for prior chapter fees and administrative expenses have been filed as follows:

NONE

 Timely allowed general (unsecured) claims are as follows:

Proposed

Payment

Interim

Payments

Reason/Applicant Total Requested to Date

Trustee, Fees: Joseph A. Baldi $ 6,725.00 $ 0.00 $ 6,725.00

Trustee, Expenses: Joseph A. Baldi $ 33.63 $ 0.00 $ 33.63

Attorney for Trustee, Fees: Baldi Berg, Ltd $ 10,072.50 $ 0.00 $ 10,072.50

Attorney for Trustee, Expenses: Baldi Berg, Ltd $ 504.50 $ 0.00 $ 504.50

Accountant for Trustee, Fees: Kutchins, Robbins & Diamond, $ 1,351.50 $ 0.00 $ 1,351.50

Remaining Balance

Total to be paid for chapter 7 administrative expenses

 30,349.39

$

$

 18,687.13

Case Name: Goerg, Diane L.

Trustee Name:

16-25697

Joseph A. Baldi

Exhibit D

Case No.:

TRUSTEE'S PROPOSED DISTRIBUTION

 Allowed Priority Claims are:

 In addition to the expenses of administration listed above as may be allowed by the Court, priority claims totaling

$0.00 must be paid in advance of any dividend to general (unsecured) creditors.

 The actual distribution to wage claimants included above, if any, will be the proposed payment less applicable

withholding taxes (which will be remitted to the appropriate taxing authorities).

 Timely claims of general (unsecured) creditors totaling $48,399.32 have been allowed and will be paid pro rata

only after all allowed administrative and priority claims have been paid in full. The timely allowed general (unsecured)

dividend is anticipated to be 62.7 %, plus interest (if applicable).

$49,036.52

NONE

UST Form 101-7-TFR (5/1/2011) Page 11

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Proposed

 Payment

Interim Payments

to Date

Allowed

Amount of

Claimant Claim

Claim

No.

00001 Discover Bank Discover Products Inc $ 18,991.16 $ 0.00 $ 11,908.64

00002 Siampos, LLC c/o Vasili Siampos $ 29,408.16 $ 0.00 $ 18,440.75

Total to be paid to timely general unsecured creditors

Remaining Balance

 30,349.39

 0.00

$

$

NONE

NONE

 Tardily filed general (unsecured) claims are as follows:

 Subordinated unsecured claims for fines, penalties, forfeitures or damages and claims ordered subordinated by

the Court are as follows:

 Tardily filed claims of general (unsecured) creditors totaling $0.00 have been allowed and will be paid pro rata

only after all allowed administrative, priority and timely filed general (unsecured) claims have been paid in full. The

tardily filed claim dividend is anticipated to be 0.0 %, plus interest (if applicable).

 Subordinated unsecured claims for fines, penalties, forfeitures, or damages and claims ordered subordinated by

the Court totaling $0.00 have been allowed and will be paid pro rata only after all allowed administrative, priority and

general (unsecured) claims have been paid in full. The dividend for subordinated unsecured claims is anticipated to be

0.0 %, plus interest (if applicable).

UST Form 101-7-TFR (5/1/2011) Page 12

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